PG Bison AutoSpec
  • The origins of PG Bison date back to 1897. From humble beginnings in the Western Cape evolved the PGSI Group of which PG Bison was an integral part.
  • 1978 PG Wood was formed out of a rationalisation of PGSI’s timber and building material supply business and Federated Timbers.
  • 1978 Bisonbord was established as a major supplier of particle board to PG Wood (Afcol and Bruply merged their particle board interests to form BisonBord
  • 1979 Timber City was created by PG Wood as a mechanism to sell panel products through smaller retail-type operations. Today Timber City is a franchise brand with 30 outlets throughout South Africa.
  • Laminate Industries was created through the merger of Formica SA and Melabond Manufacturing
  • PG Wood Holdings was established following the separation of the Glass and Wood interests.
  • 1987 PG Wood Holdings and Bisonbord merge to form PG BISON LIMITED, owned 75% by PGSI and 25% by Mondi/SAB.
  • 1988 PG BISON acquired 25% interest in Pennypinchers which offered an alternative channel to the distribution of panel products to the building industry
  • 1991 PG BISON acquired 100% of Pennypinchers. In 2001 Pennypinchers comprises 18 outlets
  • 1992 SAB acquired PGSI
  • 1993 PG BISON acquired a 100% interest in Laminate Industries, specialists in the decorative surfacing industry. Integral to this transaction were the rights to the Formica Brand in defined Southern African Territories
  • 1994 PG Wood, Laminate Industries and Bisonbord consolidate trading names and images to form one entity: PG BISON
  • In April 1999, PGSI and Mondi sold their holding in PG BISON to BOE Equity Partners and a Management Consortium
  • In April 2000, management and staff bought BOE Equity Partners’ 75% stake and sold 49% to Investec Bank Limited
  • In July 2001, the IDC (Industrial Development Corporation of South Africa) acquired a 15% stake in PG Bison.
  • n March 2002, the Steinhoff Group acquired a stake in PGBH creating a share split in PGBH as follows: Steinhoff Group 34.99%, IDC 8.407, Investec Bank 11.405% and PG Management and Staff 45.198%.
  • In June 2004 the Steinhoff Group acquired a further stake in PGBH (64.18%) with the balance belonging to management and staff (35.82%).